Kremlin says there is no reason for Russian debt default

(Reuters) – The Kremlin said on Monday that Russia had the resources to pay its debt so there was no objective reason for a default.

“There can only be a technical, man-made default,” Kremlin spokesman Dmitry Peskov told reporters.

“There are no objective reasons for such a default. Russia has everything it needs to fulfil all its obligations,” Peskov said.

(Reporting by Reuters; editing by Guy Faulconbridge)